Earlier quoted context omitted.
> The social networks are big because they have genuine utility. I think this is mostly wrong, and that the social networks are big primarily because they spent money at the right time to create entrenched network effects that allow them to rent-seek ever after. The quality and innovation of the services themselves (especially simple sites like twitter/X) is not the moat. At a technical level, most are easily clone-a…
The network effects ARE the genuine utility.
Why should you go thru the trouble? Because these social networks own your content and your audience and won't hesitate a second to drop you if they deem fit.